Getting the Best Price for Your eBay Auctions
The best way to get a high selling price on eBay is to start your price will no reserve in order to get the bidding started. Buyers are more likely to join in on auction when they see that there’s already people there baking. EBay bidders are highly sensitive and once they see people in there bidding they know that an item is not overpriced. That’s why you set a low initial price: it helps build social proof that people are interested in your item.
In addition to using keywords in your title that bidders actually search for, your My World and About Me pages help other people find out what you like to buy and sell while also helping buyers get to trust you. You can also use keyword rich description to your About Me page to help drive search engine traffic to it.
How to Prosper on eBay Over the Long Run
The key to longevity on eBay is to get good feedback and Detailed Seller Ratings (DSRs). It’s important to ship your items quickly and respond to customer questions while being polite and courteous. It’s also helpful to leave positive feedback first as it will encourage your buyers to do the same.
You can save lots of time by using eBay’s sellers tools who which can help you automate your listings as well as shipping orders out. The more efficient you are, the faster you will be getting your orders out to your customers. For example, try using the ebay selling manager. The eBay Selling Manager allows you to combine invoices (for customers who order multiple items from you) and re-list multiple unsold listings all at once.
There are many helpful seller apps in the eBay app marketplace, many of them free. You can keep track of your eBay stats like sales performance by using the included eBay sales tracking tools. By looking at your graphs over time can help understand what the key factors are that are driving your growth: http://ebay.com/salesreports.
Open An eBay store for even more seller benefits, which starts at less than $20 a month. Opening an eBay store gives you access to free listings every month in addition to better search visibility, better design capabilities, and even includes toll-free customer support.
Sourcing Inventory for Your eBay Store
Don’t be afraid to source products directly on eBay. You can purchase bulk lots by searching in the Wholesale Lots category and stock up on your inventory by purchasing direct from liquidators and wholesalers by the pallet.
But most likely it will take you some legwork to get your eBay products at good prices (if it’s easy as doing a Google search that means you’ve got the rest of the world for competiton). Here’s an example of how to hustle: visit a tradeshow on the last day to score products
for free or at a deep discounted. Some sites for finding tradeshows include:
Auctions from private auctioneers as well as the U.S. government are also good targets for items to sell on eBay.
• Property and Auto Auctions: http://www.cwsmarketing.com
• Private Seized Property Resellers: http://www.propertyroom.com/
• Property Resellers: http://www.bid4assets.com
• Surplus from Retailers: http://www.liquidation.com
• Estate Auctions / Store Closing Merchandise: http://www.auctionzip.com
• IRS Auctions: http://www.ustreas.gov/auctions/irs
Storage Unit Auctions are another possibility (look for either “auction” or “storage” listings in the legal section of your local classifieds) but keep a few things in mind:
1. If it looks messy, skip it. Remember that you won’t be able to enter into the units. If items are neat and all boxed up that’s a good sign (and if you can’t see the back of the unit you are taking a big risk by bidding on it).
2. You’ll only have 72 hours to remove the items. If items are too big and not worth moving, put a listing on Craigslist or Freecycle to have someone pick it up from the storage unit for free.
3. Auction hunters are now reality stars on “the tee-vee”, meaning every couch potato Tom, Dick and Harry with an entrepreneurial itch to scratch wants in on the action. That means more bidders and higher prices, which makes it harder to turn a profit.